Buyers Claim 80% of New Mandarin Oriental South Tower
The luxury project on Brickell Key expects to welcome residents when construction finishes in 2030.
Updated on Oct. 15, 2026 in Residential
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Buyers have already claimed 80% of the units in the upcoming South Tower at the Residences at Mandarin Oriental, including two $50 million penthouses. This massive luxury project on Brickell Key is set to transform the island as construction moves toward a 2030 finish.
Why it matters
The rapid sales reflect sustained high-end demand for luxury development on Brickell Key, signaling the project's impact on the island's landscape. As the former hotel site is replaced, the project aims to define a new standard for waterfront refinement in the city.
Buyers have secured 80% of available units in the South Tower, including two penthouses that fetched $50 million each. While the sales figures are confirmed, the full scale of the development's inventory has not been released.
The players
Residences at Mandarin Oriental
A luxury two-tower residential and hotel development under construction on Brickell Key.
The details
The development will feature two towers anchored by a new flagship North American hotel and private residences. Plans include luxury features such as five-bedroom, six-bathroom floor plans measuring up to 5,840 square feet, all with wrap-around terraces and private elevators. The site will connect to the existing Brickell Key bay walk, integrating the project into the surrounding Biscayne Bay coastline.
Timeline
The Mandarin Oriental Hotel demolition was completed in April 2026.
A groundbreaking celebration and sales update took place on October 1, 2026.
The full two-tower complex is scheduled for completion in 2030.
Beyond the 305
This development follows a city-wide trend of replacing established hotel footprints with ultra-luxury residential towers along the waterfront. It marks a significant shift for the Brickell Key skyline, continuing a pattern of intensive redevelopment seen in Edgewater and Brickell.
For local residents, the project brings a new pedestrian-friendly connection to the Brickell Key bay walk by 2030. The shift from the former hotel to a private residential enclave will permanently alter the quiet character of the island as construction progresses.
The takeaway
The swift sales on Brickell Key suggest that demand for ultra-luxury residences remains high even as construction is years away. Keep an eye on progress along the bay walk as the two-tower site prepares for its multi-year build-out.
Further reading
Explore more projects shaping our housing landscape in Residential.
Source note: This article includes information reported by Miami New Times.
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